Rayon Evans Wholesale Deal

 

Rayon Evans Wholesale Deal

TK Estates in Fort Valley, GA
Rayon Evans with Shakeena Evans

My agent found this rural property through a client that was looking to sell quickly. I bought the deal with my own money. I had plans to renovate the property and had a buyer lined up. However, my agent knew a couple that had a small budget for a home and our subject property fit exactly what they were looking for. They made me an offer that I couldn't refuse so I sold the property 10 days after initially buying it. The only repairs that I made were on the well pump, the labor which was only $252.

Wholesale Details

Property City: Fort Valley
Purchase Price: $17,500
Repair Costs $252
Holding Costs: $1,082
Sale Price: $40,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

I followed the system in buying it and I had a scope in work in place as well as a contractor in place to start the work. However, I changed my exit strategy from rehab to wholesale after I ran my numbers if I were to sell it outright through the deal analyzer and the profit and ROI made too much sense to pass up.